Senate, Goldman Sachs Fraud | featured news

(Image from article: "Goldman may release papers to counter report")

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Goldman may release papers to counter report

Goldman Sachs Group Inc could release documents to counter a Senate subcommittee report that said the bank misled clients about mortgage-linked securities, the Wall Street Journal reported, citing people familiar with the matter.

Goldman Sachs misled clients, lawmakers on CDOs, Senate panel says

Goldman Sachs designed, marketed and sold collateralized debt obligations that misled investors and created conflicts of interest as the company built short positions before the U.S. housing market collapsed, a Senate panel said in its report on the financial crisis.

Goldman CEO: We didn’t bet against clients

Goldman Sachs CEO Lloyd Blankfein, in written testimony prepared for a Senate hearing on Tuesday, said his firm "certainly did not bet against our clients."

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